Polkadot’s Potential Breakout: Could a $10 Resistance Become a Trigger for Higher Prices?

Trading near $5.20, Polkadot is showing signs of momentum as traders eye a potential breakout above its long-held resistance at the $10 mark. This move would likely propel the asset toward its historical high around $20. 2023 has seen DOT consolidate between $3.3 and $10, but with growing bullish sentiment, a breach of this level could signal a sustained price rise. 2024 has so far seen increased trading volume in the asset as it moves closer to this major price barrier. Analysts are watching closely for this breakout, especially after Polkadot’s recent activity with its Kaito campaign.